October 17, 2011

by: Junious Williams IV

This morning I read an article on BlackEnterprise.com by David Banner and he stressed his four financial keys to life in the black community.

1. Be smart and live for yourself and your family. Don’t to live to show-off and live up to the expectations of what an artist is “supposed” to be. I’m a rapper, actor, and producer, and I like to lead a nice lifestyle, help my family, and enjoy myself, but you’re not going to see me buying a new car every time I have a hit single or movie. People are counting on me to stay on top now that I’ve been blessed enough to make it, and I’m never going to let them, or myself down.

2. Hire a top financial advisor. You need someone that makes sure every cent you earn actually finds its way into your account; and that every one of those cents is accounted for correctly. I know that doing things properly now—with the help of my business manager Adam Yorkshire—is what is going to ensure my financial independence for the rest of my life.

3. Educate yourself on your financial matters. Just as important as having a good business manager, is having the knowledge to stay on top of your financial matters. No one should care more about or know more about your finances than you.

4. Have a financial mentor. There’s nothing more empowering than being around those who are more experienced than you. Toward this goal, having a mentor—someone detached from your financial success—is crucial in order to “watch those who watch your money.”

The link to the full article is listed below:
www.blackenterprise.com/2011/10/14/david-banner-4-money-management-lessons/